Fortaleza Energy Inc. (OTCPK:FEIF.F) announced a private placement of 18,282,500 common shares at $0.08 per share for gross proceeds of $1,462,600 on August 28, 2014. Management and Directors of the company acquired 11,882,500 common shares representing 65% of the shares offered in the transaction. The company has 81,323,117 outstanding common shares.

On August 28, 2014, Fortaleza Energy Inc. closed the transaction.